RIL AGM: Mukesh Ambani announces Rs 3.5-trn investments
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL), on Monday announced investment plans to the tune of Rs 3.5 trillion at the 45th annual general meeting of the company.
In his speech, Ambani said investment plans include Rs 2 trillion on rapid rollout of 5G, Rs 75,000 crore in expanding O2C capacities across value chains and Rs 75,000 crore in new energy business, as announced last year, with potential to double the commitment based on scalability of evolving models.
Ambani announced that RIL will invest Rs 75,000 crore in the next five years to expand capacities in existing and new value chains with an aim to maximise oil to chemicals integration and convert advantageous feedstock streams to high-value chemicals and green materials.
